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The May Day holiday is coming!
You can take a good rest during the "May Day" holiday, but you can't let your spare money sleep with you, seize the time of financial management before the holiday, grasp the market holiday effect, and send yourself a "red envelope".
1. Low-risk products: cargo-based, reverse repurchase
1. Money market fund: enjoy 6 more days of income
Money market funds are not affected by the closure of the stock market, and can still earn income during the holidays, and for ordinary investors, subscribing to money market funds before May Day can easily enjoy 6 more days of income (April 30 to May 5).
Because the money market fund recognizes the share (T+1) and calculates interest on the second trading day after the subscription, it is important to successfully subscribe before 15:00 on April 29, otherwise the income from the holiday will be lost.
However, it is better to buy money market funds sooner rather than later. In accordance with the practice of previous years, some money market funds suspended subscriptions a few days before the long holiday to protect the original investors' returns from being diluted.
At present, Wind Wallet docking money market fund Huabao Cash Treasure E (000678.OF) is in a state of subscription, and Huabao Cash Treasure E is a money market fund with excellent performance, ranking in the top 1/4 of the same category for four consecutive years from 2018 to 2021, and also in the middle and upper in 2022 and 2023.
Huabao Cash Treasure E annual performance performance
Source: Wind, Wind Fund
2. Treasury reverse repo: occupy 1 day and enjoy 6 days of interest
The reverse repurchase of treasury bonds on the exchange is essentially a low-risk short-term lending of funds.
It is also very convenient to operate, you can sell directly in the stock account (Wind Fund APP cannot be operated for the time being), 204 starts with the Shanghai market, 131 starts with the Shenzhen market, and the current declaration threshold is 1000 yuan. After maturity, the principal and interest will be returned to the stock account.
However, the specific time selection of participation is also skillful, such as the purchase of a 1-day reverse repo on April 29, you can enjoy 6 days of interest, and the funds can continue to be invested on April 30, and the actual occupation of 1 day. However, if the reverse repurchase operation is carried out on April 30, no matter what maturity variety is bought, you will not enjoy holiday income.
2. Bond funds: There are also benefits during holidays
Although the bond fund is not traded during the holiday, the bonds of the bond fund are still calculating interest, so you can still enjoy the income during the May Day holiday, and the net value of the fund will be consolidated into the first trading day after the holiday.
Therefore, for those who missed the subscription of money market funds on April 29, there is still an opportunity to subscribe for bond funds before 15 o'clock on April 30, and they can also enjoy benefits during the holiday.
1. Interbank Certificate of Deposit Fund: Cargo Base Pro MAX
The interbank certificate of deposit fund also does not charge a subscription and redemption fee, and unlike the cargo base, the interbank certificate of deposit fund has a minimum holding period of 7 days, and it tracks the interbank certificate of deposit index, which is classified as a "bond fund".
Wind data shows that among the first batch of 7 interbank certificate of deposit funds established, Penghua interbank certificate of deposit index 7-day holding (014437.OF) led the rise. From December 13, 2021 to April 24, 2024, the cumulative return was 6.31%, while the money market fund index rose 4.50% over the same period.
It can be seen that the yield of the interbank certificate of deposit fund is higher than that of the money market fund, so some people call the interbank certificate of deposit fund pro MAX.
It should be noted that interbank certificate of deposit index funds may fall due to a small drawdown in the tracking index, similar to other index bond funds.
2. Short-term bond funds: stable returns
Positioned as a short-term wealth management tool, the short- and medium-term bond fund has a low duration of bonds, low interest rate risk, and stable returns, and has a significant income advantage over the commodity base.
Short-term funds also have relatively low subscription and redemption rates, for example, IB short-term bonds C (006546.OF) do not charge subscription fees, and do not charge redemption fees for holding more than 7 days.
The annual returns of IB short- and medium-term bond C and the benchmark from December 7, 2018 to 2023 are 0.33%/0.22%, 4.24%/3.43%, 2.87%/2.37%, 3.35%/3.27%, 2.21%/2.47% and 3.95%/2.59% respectively. The Fund has not recorded an annual loss in its history.
3. Equity funds: optional consumption tends to be stronger after the holiday
After the May Day holiday, optional consumption is likely to be stronger. This may be related to May Day travel and the arrival of the peak consumption of summer travel.
Wind data shows that in the past 10 years (2014 to 2023), in the 32 trading days after May Day, the Wind Optional Consumption Index has recorded positive returns in 8 years, with an average increase of 6.24% and a median increase of 2.19%. In comparison, there were only 6 years when Wind All A recorded positive returns, with an average increase of 4.1% and a median of 1.34%. The consumer discretionary sector significantly outperformed the broader market.
On the whole, before May Day, consumption-themed funds ushered in the layout window period, and consumer-themed funds are ideal allocation tools, such as: GF CSI All-Index Optional Consumption ETF Connect A, Baoying Brand Consumption A, etc.
Related Funds:
华宝现金宝E（000678.OF）
兴银中短债C（006546.OF）
GF CSI All-Index Optional Consumer ETF Connect A (001133.OF)
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Risk Disclosure Letter for Publicly Offered Securities Investment Funds
Dear Investors,
The market is risky, and investors need to be cautious. A publicly offered securities investment fund (hereinafter referred to as a "fund") is a long-term investment tool, and when you purchase fund products, you may not only enjoy the income generated by the fund investment, but also bear the losses caused by the fund investment.
Before you make an investment decision, please read the fund contract, fund prospectus, risk disclosure letter and other legal documents of fund products in detail, familiarize yourself with the risk-return characteristics and fund characteristics of the fund, and evaluate your own risk tolerance based on your own investment objectives, investment experience, asset status and other factors, and make investment decisions rationally and prudently.
In accordance with relevant laws and regulations, Shanghai Wind Fund Sales Co., Ltd. makes the following risk disclosures:
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